MIRA INFORM REPORT

 

 

Report No. :

351857

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

HEATLY AND GRESHAM (INDIA) PRIVATE LIMITED

 

 

Registered Office :

43 Dr. V B Gandhi Marg, Fort, Mumbai – 400023, Maharashtra

Tel. No.:

91-22-22843941/22046307

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

27.01.1969

 

 

Com. Reg. No.:

11-014196

 

 

Capital Investment / Paid-up Capital :

Rs. 4.018 Million

 

 

CIN No.:

[Company Identification No.]

U99999MH1969PTC014196

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Manufacturer, Trader, Exporter and Importer of Engineering Item, Industrial Equipments.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 100000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old and established company incorporated in the year 1969.

 

Management has failed to file its financials for the year 2014 to the government department.

 

As per the available financials of the year 2013, the company has incurred losses from its operations.

 

Mr. Bharat Kalra (CFO) provided all general information, however has denied to provide any information about the subject to us.

 

Trade relations are fair. Business is active. Payment are unknown.

 

In view of non-availability of latest financials, the company can be considered for business dealings with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Bharat Kalra

Designation :

CFO

Contact No.:

91-9811313118

Date :

27.11.2015

 

 

LOCATIONS

 

Registered Office :

43 Dr. V B Gandhi Marg, Fort, Mumbai – 400023, Maharashtra, India

Tel. No.:

91-22-22843941/22046307

Mobile No.:

91-9811313118 (Mr. Bharat Kalra)

Fax No.:

91-22-22624316

E-Mail :

mt@hgresham.com

Website :

http://www.hgresham.com

Area :

3600 sq. ft.

Location :

Owned

Locality :

Commercial

 

 

Head Office/ Factory :

E-47/4, Okhla Industrial Area, Phase II, New Delhi – 110020, India

Tel. No.:

91-11-41616132/41616133/26386808/26386910/26383771

Fax No.:

91-11-26387171

Area :

605 sq. mtr.

Location :

Owned

 

 

Branch Office 1/ Warehouse :

31, Chittaranjan Avenue, Calcutta 700 012, West Bengal, India

Tel. No.:

91-33-22114871

 

 

Branch Office 2 :

Kota Shopping Centre, 2nd Floor, 190, Bridge Road, Bangalore – 560001, Karnataka, India

Tel. No.:

91-80-5586197

Fax No.:

91-80-5586438

 

 

Branch Office 3 :

Mittal Chambers, 2nd Floor, Room No. 214, 2-2-51, M. G. Road, Secunderabad – 500003, Telangana, India

Tel. No.:

91-40-27710626

Fax No.:

91-40-27710626

 

 

Branch Office 4 :

43, Dr. V. B. Gandhi Marg, P. O. Box 225, Fort, Mumbai – 400023, Maharashtra, India

Tel. No.:

91-22-22843941/22046307

Fax No.:

91-22-22624316

 

 

Branch Office 5 :

Indian Chambers Building (Annexe) 3rd Floor, Esplanande, Chennai – 600108, Tamilnadu, India

Tel. No.:

91-44-25340765/25341796

Fax No.:

91-44-25340266

 

 

Branch Office 6 :

Shubham Building, Plot No. 8, Indiranagar, Near OM hospital, Chinchwad, Pune – 411033, Maharashtra, India

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Ritu Chowdhry

Designation :

Whole-Time Director

Address :

A-184, New Friends Colony, New Delhi - 110065, India

Date of Birth/Age :

15.08.1951

Date of Appointment :

28.09.1998

DIN No.:

00673650

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U99999MH1969PTC014196

HEATLY & GRESHAM (INDIA) PRIVATE LIMITED

Whole-time director

01/04/2009

28/09/1998

-

Active

NO

2

U65921WB1967PLC027083

HEATLY GENERAL ENGG LTD

Director

01/10/2007

01/10/2007

-

Active

NO

3

U29120DL1986PLC022951

IMO GRESHAM PUMPS INDIA LTD

Director

30/09/2008

01/10/2007

-

Active

NO

4

U45209DL2007PTC158899

PERFECT COTTAGES PRIVATE LIMITED

Director

14/12/2007

14/12/2007

-

Active

NO

5

U93000HR2008PTC038293

SHEIKHPURA KOTHI HOSPITALITY PRIVATE LIMITED

Director

25/08/2008

25/08/2008

-

Active

NO

 

 

Name :

Sanjaya Chandra Bhushan Saran

Designation :

Director

Address :

Devonshire House, 3 Westfield Estate, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

06.02.1951

Date of Appointment :

15.05.1988

DIN No.:

00032194

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U63000MH1958PLC011042

XLO INDIA LIMITED

Managing director

01/01/2014

09/03/1978

-

Active

NO

2

L29300MH1982PLC028498

HINDUSTAN HARDY SPICER LIMITED

Director

01/04/2008

16/10/1982

-

Active

NO

3

U99999MH1969PTC014196

HEATLY & GRESHAM (INDIA) PRIVATE LIMITED

Director

15/05/1988

15/05/1988

-

Active

NO

4

U22110MH1957PLC010968

BUSINESS COMBINE LIMITED

Director

27/03/2006

27/03/2006

-

Active

NO

5

L29299PN1960PLC011645

SIMMONDS MARSHALL LIMITED

Director

20/10/2006

20/10/2006

-

Active

NO

6

U24239MH1986PLC040823

VELLANOVA PHARMACEUTICALS LTD

Director

25/06/2007

25/06/2007

-

Strike off

NO

7

U34300DL2006PTC146261

TT electronics Sensing and Control India Private Limited

Director

24/09/2008

28/09/2007

14/12/2012

Active

NO

 

 

Name :

Arvind Kumar Chowdhry

Designation :

Director

Address :

A-184, New Friends Colony, New Delhi -110065, India

Date of Birth/Age :

14.04.1945

Date of Appointment :

20.06.2007

DIN No.:

00673589

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65921WB1967PLC027083

HEATLY GENERAL ENGG LTD

Director

15/11/1984

15/11/1984

-

Active

NO

2

U29120DL1986PLC022951

IMO GRESHAM PUMPS INDIA LTD

Director

15/11/1986

15/11/1986

-

Active

NO

3

U92412HR2006NPL036450

Haryana Cricket Association

Director

11/11/2006

11/11/2006

-

Active

NO

4

U99999MH1969PTC014196

HEATLY & GRESHAM (INDIA) PRIVATE LIMITED

Director

20/06/2007

20/06/2007

-

Active

NO

5

U45209DL2007PTC158899

PERFECT COTTAGES PRIVATE LIMITED

Director

14/12/2007

14/12/2007

-

Active

NO

6

U93000HR2008PTC038293

SHEIKHPURA KOTHI HOSPITALITY PRIVATE LIMITED

Director

25/08/2008

25/08/2008

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Bharat Kalra

Designation :

CFO

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

No. of Shares

Arvind Kumar  Chowdhary

 

4386

Ritu Chowdhary and Assoicates, India

 

7942

Ritu Chowdhary

 

390

Petroleum and Mineral Limited, India

 

200

Scindia Investment Limited, India

 

6000

Heatly and Gresham Limited, India

 

16068

Devki Saran Holding Private Limited, India

 

2280

Mallkia Saran Holding Private Limited, India

 

1104

Sanjay Chandar Saran

 

1806

 

 

 

Total

 

40176

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2013

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

39.99

Bodies corporate

43.63

Directors or relatives of Directors

16.38

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Trader, Exporter and Importer of Engineering Item, Industrial Equipments.

 

 

Products :
  • Engineering Item
  • Industrial Equipments.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Middle East
  • Srilanka

 

 

Imports :

 

Products :

Machines

Countries :
  • Italy
  • Germany

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Banker Name

Federal Bank

Branch Address

Nehru Place, New Delhi, India

Person Name (With Designation)

Mr. Suresh (Manager)

Contact Number

91-11-26293827

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Declined to part any information.

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From banks

0.428

1.109

 

 

 

SHORT TERM BORROWING

 

 

From banks

0.754

0.000

 

 

 

Total

1.182

1.109

 

Auditors :

 

Name :

Satish Aggarwal and Associates

Chartered Accountant

Address :

4/5B, First Floor, Asaf Ali Road, New Delhi – 110002, India

PAN N Income-tax PAN of auditor or auditor's firm :

ABCFS9747B

 

 

Memberships :

Not Available

 

0

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

40176

Equity Shares

Rs.100/- each

Rs. 4.018 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

4.018

4.018

4.018

(b) Reserves & Surplus

31.999

34.002

27.335

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

36.017

38.020

31.353

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.558

1.240

1.273

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.558

1.240

1.273

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.754

0.000

0.000

(b) Trade payables

10.039

13.583

13.994

(c) Other current liabilities

7.629

17.038

22.136

(d) Short-term provisions

0.000

3.926

3.660

Total Current Liabilities (4)

18.422

34.547

39.790

 

 

 

 

TOTAL

54.997

73.807

72.416

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

9.921

12.005

13.014

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.561

0.561

0.561

(c) Deferred tax assets (net)

0.574

1.173

0.469

(d)  Long-term Loan and Advances

0.112

0.113

0.093

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.168

13.852

14.137

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2.257

2.196

2.212

(c) Trade receivables

17.364

16.507

23.572

(d) Cash and cash equivalents

14.239

29.643

24.894

(e) Short-term loans and advances

9.969

11.609

7.601

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

43.829

59.955

58.279

 

 

 

 

TOTAL

54.997

73.807

72.416

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL INCOME                      

41.898

105.127

91.216

 

 

 

 

 

 

TOTAL EXPENSES                             

43.301

95.238

79.632

 

 

 

 

 

 

NET PROFIT/ (LOSS)

(12.002)

6.666

7.690

 

 

 

 

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(28.65)

6.34

8.43

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(2.60)

13.72

16.23

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.04)

0.26

0.37

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.04

0.03

0.04

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.38

1.74

1.46

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

4.018

4.018

4.018

Reserves & Surplus

27.335

34.002

31.999

Share Application money pending allotment

0.000

0.000

0.000

Net worth

31.353

38.020

36.017

 

 

 

 

long-term borrowings

1.273

1.240

0.558

Short term borrowings

0.000

0.000

0.754

Current Maturities of Long Term Debt

0.000

0.000

0.000

Total borrowings

1.273

1.240

1.312

Debt/Equity ratio

0.041

0.033

0.036

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

91.216

105.127

41.898

 

 

15.251

(60.145)

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

91.216

105.127

41.898

Profit/(Loss)

7.690

6.666

(12.002)

 

8.43%

6.34%

(28.65%)

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Heatly and Gresham UK Limited

0.130

0.131

 

 

 

Total

0.130

0.131

 

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10596902

02/09/2015

14,000,000.00

THE FEDERAL BANK LTD

FEDERAL TOWERSP B NO 103, ALWAYE, ERANAKULAM, Ker 
ala - 683101, INDIA

C67212076

2

10240880

09/09/2010

300,000.00

FEDERAL BANK LTD

G 1-6,SATKAR BUILDING 79-80,NEHRU PLACE, NEW DELH 
I, NEW DELHI, Delhi - 110019, INDIA

A95303780

3

10202316

08/02/2010

500,000.00

FEDERAL BANK LTD

NEHRU PLACE BRANCH, NEHRU PLACE, NEW DELHI, Delhi 
- 110019, INDIA

A79164901

4

90244455

19/10/2005 *

7,500,000.00

THE FEDERAL BANK LTD.

NEHRU PLACE, NEW DELHI, Delhi, INDIA

-

5

90187962

07/01/2004 *

12,500,000.00

THE FEDERAL BANK LTD

NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA

-

6

90188882

29/09/2002 *

21,000,000.00

THE FEDERAL BAK LTD

NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA

-

7

90188815

15/07/2000 *

10,000,000.00

THE FEDERAL BANK LTD.

NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA

-

8

90188539

15/07/2000 *

19,500,000.00

THE FEDERAL BANK LTD.

NEHRU PLACE, NEW DELHI, Delhi - 110019, INDIA

-

9

90183989

14/05/1994 *

19,500,000.00

THE FEDERAL BANK LTD.

G-1-6; SATKAR BUILDING, 79-80; NEHRU PLACE, NEW D 
ELHI, Delhi - 110019, INDIA

-

10

90187629

01/07/1997 *

19,500,000.00

THE FEDERAL BANK LTD

G-I-6; SATKAR BUILDING, 79-80; NEHRU PLACE, NEW D 
ELHI, Delhi - 110019, INDIA

-

 

* Date of charge modification

 

 

FIXED ASSETS

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs. 66.75

UK Pound

1

Rs. 100.68

Euro

1

Rs. 70.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.